Motorcycle Insurance in Nevada: The Cheapest Quotes and Best Companies

Getting a policy that meets only the liability limits set by Nevada motorcycle insurance laws and requirements is the cheapest option for riders. However, it is important to note that the least expensive policy may not always be the best option. While liability-only insurance costs significantly less, comprehensive and collision coverage is better for riders who want more protection and higher liability limits. In conducting this analysis, MoneyGeek used average rates based on a good rider with 50/100/25 liability-only coverage in Nevada.

Based on average rates, the two most affordable motorcycle insurance carriers in Nevada for liability-only coverage are:

• Markel: $59 per year
• Progressive: $75 per year

MoneyGeek’s study found that the most expensive company in the state for liability-only motorcycle insurance is Dairyland. Its average rate is $181 per year, which means you can save 67.5% by choosing Markel.

Average Annual Premium for Liability Coverage

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• Company
  Annual Premium
• 1.
  Markel
  $59
• 2.
  Progressive
  $75
• 3.
  GEICO
  $100
• 4.
  Nationwide
  $100
• 5.
  Harley-Davidson
  $138
• 6.
  Dairyland
  $181

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For most riders in the state, a full coverage policy is the best choice. It provides more protection for your assets. Choosing this level of coverage will protect you against possible expenses from damages due to collisions with another vehicle or other structures. At the same time, full coverage motorcycle insurance in Nevada pays for damages to or the loss of your bike due to non-collision incidents like vandalism, theft or fire. Nevada riders making payments on their bikes are likely to need full coverage insurance.

For this analysis, MoneyGeek used a rider with good riding history, a 50/100/25 coverage policy and a $500 deductible for comprehensive and collision coverage.

For riders looking for the cheapest motorcycle insurance in Nevada for a full coverage policy, the top companies on average are:

• Progressive: $263 per year
• Markel: $292 per year

Progressive is 71.1% cheaper compared to Nationwide, which is the most expensive insurance carrier in the state. A similar policy from Nationwide costs $911 per year on average.

Average Annual Premium for Comprehensive and Collision

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• Company
  Annual Premium
• 1.
  Progressive
  $263
• 2.
  Markel
  $292
• 3.
  Dairyland
  $316
• 4.
  Harley-Davidson
  $359
• 5.
  GEICO
  $771
• 6.
  Nationwide
  $911

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Compare Motorcycle Insurance Rates

Ensure you're getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.

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How much motorcycle insurance costs in Nevada is highly affected by several factors, including coverage amounts, motorcycle model, riding record, age and years of riding experience. MoneyGeek compared motorcycle insurance quotes from different insurers offering coverage in the state.

The average cost of motorcycle insurance in Nevada for a full coverage policy is $485 per 12-month period or around $40 per month. That means Nevada riders typically pay $122 or 25% more than the national average.

A liability-only policy in Nevada costs $109 annually or approximately $9 per month. The state average is $32 less than the national average of $141. A liability-only policy does not cover your bike and your injuries if you caused the accident.

Policy coverages used to determine Nevada averages were $50,000/$100,000 bodily injury coverage with $25,000 property damage and a $500 deductible for full coverage.

Car Insurance Costs by Coverage Type

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• Policy Type
  Average 12-Month Cost in Nevada
  Average 12-Month National Cost
  Variance
• Full Coverage
  $485
  $364
  $122
• Liability Only
  $109
  $141
  -$32

Compare Motorcycle Insurance Rates

Ensure you're getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.

COMPARE QUOTES

MoneyGeek ranked insurance companies to find the best motorcycle insurance in Nevada for riders who value both affordability and quality service. A unique rating system was used, taking into consideration the motorcycle quote data unique to Nevada, product offerings and selection, service and financial stability. More information about that is included in our methodology. Based on our research, the best overall company is Progressive.

Based on MoneyGeek’s study, the top three highest-scoring insurance companies in Nevada are the following.

Expand All Rankings +

1

Progressive

Score:95

-

COMPARE QUOTES

by MoneyGeek

4.9/5

Affordability

4.7/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take

Pros

• Has a mobile app
• Online quoting tool
• Various extra coverage options

Cons

• Large Accident Forgiveness is limited to eligible policyholders
• Not all discounts are available in all states
• Coverage options vary by state

More About Progressive

With a MoneyGeek score of 95.43 out of 100, Progressive ranked first among insurance carriers offering motorcycle insurance in Nevada. The company received high ratings across all categories. Progressive’s liability-only policy costs $75 per year on average, while a full-coverage policy costs an average of $263 per year.

Unlike other carriers, Progressive automatically includes coverage for custom parts and original equipment manufacturer (OEM) parts in its motorcycle insurance policies. Adding extra coverage is easy. You can opt to get enhanced injury protection, which pays up to $250 per week for two years if you incur injuries or cannot go to work because of a covered accident. If a fatal accident leads to your death, your beneficiaries will receive $25,000. The company also rewards safe and responsible drivers. If you remain claim-free, you may qualify for Progressive’s disappearing deductible. The company will take 25% off your deductible for each policy term that you do not file a claim.

2

Markel

Score:93

-

COMPARE QUOTES

by MoneyGeek

5/5

Affordability

4.3/5

User Satisfaction

4/5

Financial Stability

Geek Quick Take

Pros

• Many discounts available
• 24/7 claims support
• Online account portals

Cons

• Not available in some states
• Cannot be bundled with auto insurance
• No mobile app

More About Markel

The second-best company offering motorcycle insurance in Nevada is Markel, which has a MoneyGeek score of 93.46 out of 100. The liability-only policy for Markel costs $59 annually on average, while its full coverage policy has an average rate of $292 per year.

Riders looking for extra protection can find a wide range of options at Markel. For instance, you can get roadside assistance and trip interruption coverage by adding only $25 per year per unit. If you buy the rental reimbursement coverage, the company will take care of rental costs if your bike cannot be used for over 24 hours because of a covered incident. Markel policyholders can also enjoy various discounts. In fact, the company has nine different types of discounts. Switching to Markel from another insurance provider automatically makes you eligible for a 10% transfer discount. Responsible drivers can even get significant discounts if they have anti-theft or anti-lock devices or have taken a safety course.

3

Harley-Davidson

Score:89

+

COMPARE QUOTES

by MoneyGeek

4.2/5

Affordability

5/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take

Pros

• Coverage for different types of bikes
• 24/7 claims filing
• Multiple discounts available

Cons

• Not the cheapest option
• Cannot be bundled with car insurance
• No mobile app

More About Harley-Davidson

In third place is Harley-Davidson. It got a MoneyGeek score of 89.47 out of 100. The company charges $138 on average per year for liability-only motorcycle insurance in Nevada. Its full coverage policy costs an average of $359 per year.

Harley-Davidson has a wide variety of coverage options suitable for different types of bikes. Getting extra coverage is also possible. For example, you can get rental reimbursement coverage to help you with expenses if you cannot use your bike due to a covered accident. Another optional coverage is equipment coverage. It covers all modifications to your motorcycle, including equipment that is not factory standard. The company also rewards loyalty by offering discounts. If you are a Harley-Davidson policyholder, you can get a significant discount if you add a new motorcycle to your policy. If you buy other Harley-Davidson insurance products, such as planned maintenance, you also qualify for a discount.

For most riders, getting a motorcycle insurance quote in Nevada is easy. Most carriers have online quote tools. Here is what you will need:

• ZIP code
• Nevada address where the bike will be located
• Vehicle year, make and model
• Insurance coverage elections (For more information on this, see below)

Compare Motorcycle Insurance Rates

Ensure you're getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.

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Since motorcycle insurance in Nevada is a state requirement, it is important for riders to know the minimum liability limits. Your policy coverage should include at least the following:

• $25,000 per person bodily injury liability
• $50,000 per accident bodily injury liability
• $20,000 property damage liability

The state minimum requirements include bodily injury and property damage coverage. Nevada riders should have at least a 25/50/20 policy, which includes $25,000 for bodily injury coverage per person, a total of $50,000 per accident and $20,000 for property damage liability. These limits refer to the amount your carrier will pay to handle damages in an at-fault accident.

Nevada riders are not required to have uninsured motorist, underinsured motorist or PIP coverage. The state only requires a motorcycle insurance policy that covers bodily injury and property damage. Riders who want more protection can get these additional coverages.

MONEYGEEK EXPERT TIP

For most riders in Nevada, MoneyGeek recommends a full coverage policy of at least 50/100/25 and preferably 100/300/100 because of the small incremental cost for a large increase in coverage.

Finding the best motorcycle insurance in Nevada requires the consideration of different factors. Here are the most commonly asked questions about this type of insurance.

Compare Motorcycle Insurance Rates

Ensure you're getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.

COMPARE QUOTES

About Mark Fitzpatrick

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Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.

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